Kevork Djansezian/Getty Images SpaceX, one of Tesla CEO Elon Musk's major business ventures, tapped the risky leveraged loan market. The $250 million deal received a mixed reception from investors given SpaceX's cash burning history. The company previously relied on private equity funding but now follows Tesla in tapping debt markets. Elon Musk is loving high yield debt. SpaceX took a leveraged loan worth $250 million on Monday, having initially sought to borrow as much as $750 million, accordin...
Elon Musk's SpaceX is the latest big tech company to tap the risky leveraged loan market
Business Insider - 21 Nov 2018 16:26
Kevork Djansezian/Getty Images SpaceX, one of Tesla CEO Elon Musk's major business ventures, tapped the risky leveraged loan market. The $250 million deal received a mixed reception from investors given SpaceX's cash burning history. The company previously relied on private equity funding but now follows Tesla in tapping debt markets. Elon Musk is loving high yield debt. SpaceX took a leveraged loan worth $250 million on Monday, having initially sought to borrow as much as $750 million, accordin...
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